Stock market update: Nifty Bank index advances 1.24% in an upbeat market

NEW DELHI: The Nifty Bank index traded positive around 11:16AM(IST)on Wednesday in an upbeat market.

IndusInd Bank(up 3.16 per cent), State Bank of India(up 2.27 per cent), Axis Bank(up 1.68 per cent), Bandhan Bank(up 1.65 per cent) and AU Small Finance Bank(up 1.62 per cent) were among the top gainers.

Kotak Mahindra Bank(down 0.01 per cent) were the top losers on the index.

The Nifty Bank index was up 1.24 per cent at 36163.95 at the time of writing this report.

Benchmark NSE Nifty50 index was up 222.75 points at 16563.3, while the BSE Sensex was up 756.92 points at 55524.54.

Among the 50 stocks in the Nifty index, 45 were trading in the green, while 5 were in the red.

Shares of ONGC, Suzlon Energy, SAIL, Vedanta and Vodafone Idea were among the most traded shares on the NSE.

Shares of Crown Lifters, Royal Orchid, International Constructions Ltd., Mangalam Worldwide Ltd. and Priti International hit their fresh 52-week highs in today's trade, while Vikas Proppant & Gr, DRC Systems India Ltd., Radhika Jeweltech, Rollatainers Ltd and Radha Madhav hit fresh 52-week lows in trade.